Top States for Business

4. Colorado

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Colorado Score and Ranking

CATEGORY  2022 SCORE  2022 RANK 2021 RANK  2022 GRADE 
WORKFORCE30212A+
INFRASTRUCTURE2141622B-
COST OF DOING BUSINESS1433638C
ECONOMY214119B
LIFE, HEALTH & INCLUSION2051214C+
TECHNOLOGY & INNOVATION17196A-
BUSINESS FRIENDLINESS1241629B-
EDUCATION1061130B+
ACCESS TO CAPITAL262216C-
COST OF LIVING173434D+
OVERALL152248

Economic Profile

Governor: Jared Polis, Democrat

Population: 5,812,069

GDP growth (Q1 2022): -1.9%

Unemployment rate (May 2022): 3.5%

Top corporate tax rate: 4.55%

Top individual income tax rate: 4.55%

Gasoline tax: 22 cents/gallon

Bond rating: (Moody's/S&P): Aa1, stable/AA, stable

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

Genesis Fuentes, PhD student, watches a simulated encounter at the Lab for Applied Social Science Research at the University of Maryland, where they are developing Virtual Reality in police de-escalation training, in College Park, MD.
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